Rakon Limited announced it has won a contract, worth up to NZD 17 million over 3 years, to supply its space subsystems for a new Low Earth Orbit (LEO) satellite constellation. Rakon was awarded the contract by a global leader in communications satellites. Rakon will supply its Master Reference Oscillator (MRO) subsystems for the satellite constellation, starting in FY26 and running for an initial period of 3 years, with the potential for a substantial extension thereafter.

The contract will provide over NZD 3 million of revenue for Rakon in FY25. The MROs provide highly accurate and stable frequency references, and precision timing that enable satellite communications and synchronisation. Rakon's ultra-stable oscillator technology also delivers reliability and timing holdover (ability to maintain uninterrupted frequency stability and time, during periods when a GPS signal may be unavailable).